NFT Sales Soar to $109.8M as CryptoPunks Jump 136%
The NFT (non-fungible token) sector is on the rise, witnessing a 4.09% increase in sales volume to reach $109.8 million.
Overview
- NFT sales have rebounded by 4.1%, totaling $109.8 million
- CryptoPunks topped the week with a staggering growth of 136%
- Market engagement has surged, with buyers up 53% and sellers up 67%
This marks the second consecutive week of growth after a phase of declining sales.
As noted by CryptoSlam, the number of NFT buyers has risen by 53.35% to 277,059, while sellers have increased by 67.19% to 206,669. However, NFT transactions have fallen by 6.65% to 1,630,579.
This growth aligns with a Bitcoin (BTC) recovery, which has climbed to the $115,000 range, while Ethereum (ETH) has surged to $4,400.
The overall crypto market capitalization now amounts to $4.04 trillion, up from last week’s $3.81 trillion.
Ethereum Regains Dominance
Ethereum has reclaimed its top position with sales of $46.4 million, reflecting a 42% increase from the previous week. Additionally, Ethereum’s wash trading has surged by 154.37% to $9.2 million.
Mythos Chain remains in second place with $12.2 million, a 16.29% decline. Bitcoin has ascended to third place with $10.2 million in sales, marking an 8.44% increase.
Immutable (IMX) holds the fourth position with $8.5 million in sales, a slight decrease of 0.10%. BNB Chain (BNB) is in fifth with $8.4 million, down by 18.33%.
Solana (SOL) has advanced to sixth place with sales of $7.5 million, reflecting a significant increase of 41.01%. Polygon (POL) has dropped to seventh place with $5.6 million, down 59.09%.
The number of buyers has risen across nearly all blockchains, with Immutable showcasing the highest growth at 146%. Mythos Chain follows at 135.35%, and Polygon registers at 122%.
DMarket continues to lead collection sales with $7.1 million, despite a 23.16% decline. The gaming marketplace has experienced reductions in all areas, including transactions (21.24%) and buyers (27.62%).
CryptoPunks Sales Boost of 136%
CryptoPunks has surged to second place, achieving $7 million in sales, representing a remarkable growth of 136.83%. The transaction count for the collection has more than doubled (146.15%), with buyer counts increasing by 100% and seller counts by 136.36%.
Guild of Guardians Heroes holds the third position with $4.8 million, showing minimal growth at 1.20%. Courtyard on Polygon has slipped to fourth with $4.7 million, a decline of 62.86%.
Moonbirds ranks fifth with $4.6 million, an impressive rise of 141.12%, demonstrating growth in transactions (148.99%) and buyers (93.48%).
Bored Ape Yacht Club has entered the top six with $4.4 million in sales, increasing by 78.76%. The Yuga Labs collection has more than doubled its transactions (108.33%) and nearly doubled its buyers (93.33%).
Noteworthy high-value sales this week include:
- BOOGLE sold for 1,380 SOL ($324,846)
- CryptoPunks #8521 sold for 55.48 ETH ($255,288)
- CryptoPunks #4420 sold for 56.388 ETH ($254,250)
- CryptoPunks #2642 sold for 52.1 ETH ($239,735)
- CryptoPunks #1180 sold for 49.89 ETH ($232,394)
